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Text Appearing Before Image:study and on which he is now recognized as an authority, having beenappointed by Governor Ralston to lead a state highway commission as itssecretary. He was elected by the Indianapolis Real Estate Board tomake the address for Indianapolis in the convention at Winnipeg, Canada,in 1913, where there were seventy-five cities represented, and a correspondentfor an English newspaper gave him rating and credits over the Springfield,Ohio, representative who won the contest in which they were participating. Mr. Duffey is a native of Hendricks county, born October 24, 1879,the son of Squire Eli F. and Nancy J. Duffey, who are now residents ofPlainfield, this county. He is a grandson of Michael Duffey, who settledat Belleville, Liberty township, Hendricks county, in 1842, and whose fatherfought under Washington in the memorable revolutionary struggle to freethe American colonies. On the maternal side he is the grandson of ElamBenbow, who came from Carolina and settled in Clay township, Hendricks

Text Appearing After Image:LUKE W. DUFFEY HENDRICKS COUNTY, INDIANA. 377 county, in 1S28 with his father, the latter entering a quarter section of landupon which a portion of the present town of Amo is situated. After finishing his common school education, Luke Duffey entered theCentral Normal College at Danville in the autumn of 1897. He completedthe course in law and was admitted to the Hendricks county bar August 4.1900. AVhile in attendance at the college he worked in private families forhis board and took care of the office of Brill »& Harvey for the privilege ofusing the books and getting better acquainted with the routine of work in alaw office; here he developed a definite knowledge of the statutes of descent,becoming an expert titleman and thereby developing his real estate talent.He later became interested in the real estate business and has since devotedhis energies and talents to this field exclusively. His success was assuredfrom the first. Extensive deals soon gaiifed for him a reputation tha

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Text Appearing Before Image:MEAKINS & CO. ^eetPaul MONTREAL and Meakins & Sons, Hamilton. P CAUSES OF FAILURE In the Hardware Trade and How Avoided. As long as there are failures, subjects that furnishinformation how to prevent them will always betimely. We have published, in pamphlet form,three admirable papers on the above topic, in whichOverstocking, Expense, Capital, Credit. Dis-counts, Buying, etc., etc., are ably discussed. Wewill mail the whole three essays in*/>rffc ito any address on receipt of IU CCllXS I HARDWARE AND METAL. Toronto nto f ■ ■ ^ – ■ ■■—■ WANTADVERTISEMENTS Are inserted in this paper at the rate oftwo cents per word each insertion, pay-able Strictly in advance. Ad-vertisers may have their replies address-ed in our care free of charge, but mustsend stamps for re-addressed letters. Hardware and Metal, Toronto

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There are various disadvantages of owing debt or borrowing credit. However, we cannot live without it. We require credit for every possible expense in our lives. And financial institutions lend us money readily as they earn most of their income through interest and various nonsensical fees. But if you have a bad credit score, you cannot borrow even a penny.

We have heard this over and over again, but what is considered a good credit score for us to borrow money?

Before we jump directly to the ideal number, it’s important to understand few things first. Most common type of score that’s widely accepted all over the US is FICO score. This score is updated based on the information and reports provided by three credit monitoring agencies – TransUnion, Equifax, and Experian.

Though there isn’t much difference between the way these agencies calculate an individual’s score, it differs minutely. However, these scores are then consolidated in to one – FICO score. The score is used to measure an individual’s credibility and financial standing.

Find out What is Considered a Good Credit Scores can be a difficult. However, let us try to narrow down the perplexity and arrive at a conclusion. Majority of people in the US has score between 300 and 850. So, based on this information, myfico.com gives us a median score, that is 723. This means the upper half and the lower half is divided by the score 723. So, if you can manage to get your score above 723, you lie in the upper half population. So, any number above 723 answers our question of what is considered a good score.

But our aim is not to seek a perfect score but to get a number which can avail credit without any fuss. We need a score that is liked by the financial institution, who ultimately provide us credit. Technically, banks provide loans to people who have scores above 680. So, any number above 680 is what is considered a good score all major financial institutions.

This doesn’t mean people below 680 wouldn’t get credit. They will but at a very higher rate. So, if you ask what is considered a good score to avail best possible interest rate, the number may vary. Based on the information revealed by Informa research Services, score ranging from 680 to 699 will be charged with 4.9% interest rate for a 30 yr mortgage. While score between 700 and 759 enjoys the rate of 4.72% and anywhere between 760 and 850 will be charged 4.5%. Hence, if you score is higher than 760, you are amongst the few privileged ones who enjoy the lowest interest rate.

About the Author

stephanie johns is a writer as well as expert in providing great thoughts on What is Considered a Good Credit Scores and their availability. For more detail First time home buyers and bad credit debt consolidation mortgage visit www.financialculture.com

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